Infosys to buy 75% stake in Telstra unit for $153 million

Indian IT services company Infosys said on Wednesday that it would take a 75% stake in Versent Group, a wholly owned unit of Australia’s Telstra Group , for A$233.3 million ($153 million).

Versent Group provides cloud services to Australian organisations in sectors such as finance, energy, utilities, government and education, Infosys said in a statement.

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